Skip to main content

About your Search

20121129
20121207
STATION
KGO (ABC) 46
LANGUAGE
Search Results 0 to 45 of about 46
ABC
Dec 2, 2012 8:00am PST
, we're trying to go beyond that's going to be good for the long term american economy. >> but you said you're getting closer, they're saying you're getting much farther apart. they say that this is not a serious proposal. >> we have a very good plan. we have a very good mix of tax reforms that raise a modest amount of revenues on the wealthy 2% of americans. combined with very comprehensive, very detailed savings that get us back to the point where the debt is stable and favorable. if we can do that carefully, we can invest in things to make america stronger. we can rebuild infrastructure. we think those are good investments in america and we think we can afford them. >> let's look at an outline of what republicans said they heard in the meeting. $1.6 trillion in tax increases over the next ten years. $50 billion in stimulus spending right now. $400 billion in unspecified medicare cuts. over the next ten years. and then, permanent authority to increase the debt limit the president wants that authority. they look at that 1.6 trillion in revenue and say it's twice as much you get fr
ABC
Dec 5, 2012 6:00am PST
state's economy. katie marzullo is live in the newsroom with that and the housing news. >> reporter: the new economic forecast from ucla has lukewarm predictions for california jobs and personal income will suffer under prop 30's tax hikes. housing improvements will help the state, california will continue to grow but not as much as it iced to. the forecast says the new tax -- tax revenues under prop 30 will slow economic growth but will not derail recovery. unemployment is one example jobless rate in california should average 10 1/2% by the end of the year improved to 9.7% in 2013 and fall to 8.4 in 2014. meanwhile, great news on home prices. they have surged more than 6% in one year, the biggest jump in six years. the median home price up $18,000 to $178,600. california is one of the top 10 states where prices are rising the fastest. just crossing the wires this morning, labor department reports u.s. workers were more productive this summer, they cost their companies less, that's good. banks are seeing profits again and starting to lend money a little more freely. katie marzullo,
ABC
Nov 29, 2012 5:00pm PST
feinstein says it was the key part of the area's economy. >> dan: coming up, how online gamers can turn their digital play for toys tos. >> around new water planted, a proposal that might not sit well with santa clara county residents. >> michael finney will show you how people in the bay area rate their cellphone companies. you'll see which ones came out on top. >> cheryl: take a look at live doppler 7. you can see the storm covering the north part heading in the bay area right now. the >>> san mateo county is battle state of the water recycling plant that could some day make the dirtiest water drinkable. heather ishimaru joins us live in north san jose with the story. >> reporter: the water recycled here at this new plant will not be for drinking, whether it be for irrigation and industry. it could be that the technology they are using here in 15 years or so could be used to clean any waste water to make it clean enough to drink. >> it is an elaborate and intricate system of pipes and tanks, pumps and valves, designed to produce most basic of our needs. >> water that doesn't make it t
ABC
Nov 29, 2012 11:00am PST
economy. the lease expires tomorrow. >>> meteorologist lisa argen taking a look at that second storm on the way. >> wind gusts 35 miles an hour, light rain already reported around the bay ear. live look from our sutro camera clouds thickening and lowering, main rain is several hours off we are already feeling the affects look at mount tam, windy, rainy conditions some of this rain is a lot of low level moisture, live drop her not picking up all, but you see the blue here reporting light rain darker green is the leading edge of what has to get here, it is going to take through the over might hours heaviest rain timing not good for tomorrow's morning rush. right now picking up rain from highway 101 through american canyon, peninsula and into los altos into the east bay, all very light and should stay light but the winds are really cranking up, up to 35 miles an hour half moon bay, 25 mile an hour gusts through san jose, breezy winds around hayward. with that, subtropical, temperatures in the 60s had to bump a couple up for this afternoon. the numbers will be mild,atyp eeding in f
ABC
Nov 29, 2012 1:05am PST
olympics, restore the olympics, you know, his skill set lends to ideas that could get the economy growing. going. but his spokesman said he does not have a specific assignment for his arrival but it was going to be a useful discussion. >> love to hear that. good luck. >>> the lunch comes early in the holiday season in at the white house. decorations include 54 live christmas trees. unveiled yesterday by first lady, michelle obama. thought i was looking in your living room, now, rob. >> does that look like a plastic tree. centerpiece is an outsized 300 pound gingerbread model of the white house sit it's in state dining room. mrs. obama helped the children of military families make holiday decorations and bo, the port g
ABC
Dec 4, 2012 11:35pm PST
u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis.
ABC
Dec 4, 2012 12:00am PST
turbo-charged ecoboost engines and a hybrid that doubles the fuel economy of the average vehicle. it's an entirely new idea of what a car can be. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ oh, did you want it? yea we'll split it. [ female announcer ] made fresh, so light, buttery and flakey. that's half that's not half! guys, i have more! thanks mom [ female announcer ] pillsbury crescents. let the making begin [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster wi
ABC
Dec 2, 2012 7:00am PST
. we appreciate it. >> you got it. >>> we'll turn now to the fiscal cliff, 30 days from an economy-crippling deadline. where everyone's taxes go up and massive spending cuts kick in. yet, talks seem to be going nowhere. treasury secretary timothy geithner will be the guest on "this week" with george stephanopoulos. george is with us now. good morning, george. >> last weekend, you sat right here and you said that you were reasonably optimistic that a deal could be afoot. in the intervening week, we have seen a lot of trash-talking from both sides, can we still be somewhat hopeful? >> this week was a rough week in these negotiations. treasury secretary geithner when he went up to capitol hill, on thursday, the senate republican leader mitch mcconnell laughed when he got the offer from tim geithner. they think it's an offer that doesn't show any rules towards compromise. house speaker john boehner said that the talks are at a stalemate. there seems to be a huge divide. democrats said they're not going to make another move until republicans clearly say they're going to go for an increa
ABC
Dec 2, 2012 4:00am PST
. all right, ron. >> thank you, ron. >>> we'll turn now to if fiscal cliff, 30 days from an economy-crippling deadline. yet talks seem to be going nowhere. treasury secretary timothy geithner will be the guest on "this week" with george stephanopoulos. >> last weekend, you sat right here and you said you were reasonably optimistic that a deal could be afoot. in the intervening week, lot of trash-talking from both sides, can we still be somewhat hopeful? >> this week was a rough week in these negotiations. treasury secretary geithner when he went up to capitol hill, mitch mcconnell laughed when they got the offer from geithner. house speaker boehner said that the talks are at a stalemate. democrats said they're not going to make another move until republicans say they're going to go for an increase in tax rates. so, this is stalemate right now. now, these things always look horrible when they come together. more and more voices say, this is going to go over the fiscal cliff at least for a few days in january. >> if we go over the fiscal cliff, voters will likely blame the republicans
ABC
Dec 3, 2012 7:00am PST
sides agree on is that going over the so-called fiscal cliff would be a big blow to the economy. >> it would be very damaging to average americans. there's no doubt about it. >> going over the cliff will hurt our economy, will hurt our job creation in our country. it's not fair to the american people. >> reporter: without a deal to cut the deficit, almost everybody's income taxes will go up january 1st. it's more than that. there will be automatic cuts to defense, to medicare doctors, to unemployment benefits. and that could mean another recession, but -- >> right now, i would say we're nowhere. period. we're nowhere. >> reporter: the white house is standing firm on taxes. >> rates have to go up. >> whose taxes are you going to raise? >> rates are going to have go up on wealthy americans. >> reporter: in addition to $1.6 trillion in tax hikes, the white house's latest offer includes $400 billion in unspecified medicare cuts and no limit on how much the government can borrow. the republican response? >> i was just flabbergasted. i looked at him and said, you can't be serious. >>
ABC
Nov 30, 2012 7:00am PST
news, guys? we're going to begin, here, with the economy. new evidence that money is, indeed, rolling in, for corporate america. figures out this morning show that corporate profits have just hit an all-time high, even when adjusted for inflation. they're on pace to reach a 1.75 trillion, with a "t" dollars this year. >>> of course, not everyone sharing in that wealth. hostess, the company that makes twinkies, among other products, is shutting down and eliminating some 18,000 jobs in the process. however, we have just learned that unlike the rank and file, the company's executives are about to score a major payday. reena ninan is here to explain why. good morning, reena. >> reporter: josh, good morning to you. a federal bankruptcy judge has approved nearly $2 million in bonuses for the executives of hostess brand, the maker of twinkies and ho-ho. on the same day, approving the firing of 18,000 workers. the company told them thursday, they are so cash-strapped, they won't be able to pay retirement benefits for some former employees. in a statement overnight, hostess said those millions
ABC
Nov 29, 2012 1:40am PST
, restoring the olympics, you know, his skillset lends to ideas that could get the economy growing going. but his spokesman said he does not have a specific assignment for his arrival but it was going to be a useful discussion. >> love to hear that. good luck. >>> the lunch comes early in the holiday season in at the white house. decorations include 54 live christmas trees. unveiled yesterday by first lady, michelle obama. thought i was looking in your living room, now, rob. >> does that look like a plastic tree? the centerpiece of the decorations is outsized 300-pound gingerbread model of the white house that sits in the state dining room. after the big unveiling, mrs. obama helped the children of military families make holiday decorations and bo, the for the portuguese water dog got in on the act wearing a special jingle bell collar. >>> and they threw the switch last night here in new york, lighting the big old christmas tree in rockefeller center. the 84-foot norway spruce is decked out in more than 30,000 beautiful lights. >> after it was found, workers, braced the tree with cables when
ABC
Nov 29, 2012 4:00am PST
. but the top gop leader in the house says that's a no-go. >> the goal here is to control the economy and control spending. you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses. it will hurt our economy. why? this is not the right approach. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of cairo protesting that move since. morsi is showing no signs, though, of backing down. >>> and with the conflict in syria showing no signs of ending, the obama administration is reportedly considering deeper intervention there. this morning's "new york times" says no decisions have been made. but several options are being looked at, including providing arms to anti-government fighters. a decision on whether to de
ABC
Dec 7, 2012 4:30am PST
cliff standoff is hitting the economy. the add pressure on washington to reach >>> live look from our vollmer peak cam east bay hills bay bridge there, you can see how chilly it is in spots and you don't see fog. both those conditions are out there. mike will update you on that in a few minutes. >>> in an hour the labor department will release november jobs report analysts the unemployment rate to remain at 7.9%. economists blame everything from sandy to worries over the fiscal i cliff. >> reporter: the fiscal cliff is still three weeks ago the economy may have already taken a hit economists predict the jobs report will show employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason, worry over the fiscal cliff may have also had an impact. some estimate at least 200,000 fewer jobs have been created this year, due to urn certainty about the fiscal cliff. -- >> reporter: >> the president: it is important we get this done now. >> reporter: in washington republicans and democrats are talking, no breakthrough locked in a stalemate. president obam
ABC
Dec 3, 2012 6:00pm PST
california. >> defense is a big part of southern california economy. cuts would affect there. >> this afternoon the speaker of the house delivered the g.o.p.'s proposal reducing national debt by $2.2 trillion. including new tax revenue but leading cuts for the top 2% in place. today the president ignored reporter questions about that republican plan but later in a statement the white house rejected it. abc 7 news believes a deal will be struck about the deadline, it will be the republican that's give ground. >> i think this time around, obama learned from his past mistakes and importantly, advantage that if he does nothing he's in better shape than republicans oor professor cane says congressional republicans holding middle class cuts hostage in order to force the president's hand. the problem is the g.o.p. cannot afford to carry out that threat and they're blamed for raising everyone's taxes in order to protect the rich and put republican party in a dark hole. >> mark, thank you. >> on wall street today, stock prices fell on concern the deficit deadlock here is hurting the economy. d
ABC
Dec 5, 2012 6:00pm PST
do to the economy. >> we're going through a shift. >> it's called tv everywhere. later efforts by a bay area company to bring programs you want to lap top or tab blet. >> stay with us for that and raider days here on abc 7 begins in less than 20 minutes with a special pregame edition of abc 7 news at 6:30. >> then, we'll get going home with -- tomorrow with larry beil hosting a special pregame show at 4:00 p.m. >> raiders greats will gin us for that. at 5:00 coverage of the denver oakland gamelin begins live right here on abc 7. once the game ends, larry, lincoln and rod will return with after the game. >> then, it's abc programming. and a special edition of abc 7 >>> the ports of los angeles and long beach open again. stringing clerical workers reached an agreement last night with the port's 14 shipping lines ending a walk coy in lost trades. the clerk as agreed on a pact providing protection from joby& outsourcing and layoffs. the ports handle 44% of the shipping container traffic. >> economists say prop 30, tax hike approved by voters may slow growth but will not derail recovery
ABC
Dec 7, 2012 4:00am PST
economy this morning, when the government releases its jobs report for the month of november. it's believed that several factors combined seriously hampered last month's hiring. among them, concerns about the looming fiscal cliff. and other factors, as well. abc's tahman bradley has that story from washington. >> reporter: the fiscal cliff is still three weeks away. but the economy may have already taken a hit. economists predict the government's monthly jobs report, due out later this morning, will show that employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason job creation slowed. but worry over the fiscal cliff may have also had an immaterial pact. some economists believe that 200,000 fewer jobs thhave been created this year, due to uncertainty about the fiscal cliff. >> it's very important we get it done now. >> reporter: republicans and democrats are talking again. but still, no breakthrough. the parties are locked in a stalemate. president obama is demanding that higher tax rates for the wealthy and a permanent extension of the deb
ABC
Nov 28, 2012 5:30pm PST
the economy if you raise tax rates on the top two rates. it will hurt small businesses. it will hurt our economy. >> reporter: the latest abc news/"washington post" poll shows the public is with the president on this debate. on this debate. 60% support raising taxes on incomes higher than $250,000. >> it's going to affect their standard of living very little, if at all, and -- the rest of us are being asked to pay for a party that we weren't invited to. >> congress doesn't do anything, then -- i have a feeling that it's really going to be devastating for next year. >> reporter: on other proposals, the poll shows the public is mixed when it comes to increasing revenue by eliminating the mortgage income tax deduction. but they decidedly do not want to see the medicare eligibility age go up from 65 to 67. >> it bothers me when they say it's an entitlement, when we actually paid all these years when we were working. >> i think it's very difficult for people to reach a compromise, which is unfortunate, because the nation is what suffers. >> reporter: democrats are also reluctant when it c
ABC
Nov 30, 2012 1:40am PST
hired to track them done to kind of restore order to the criminal economy here. corporate america overtones here. political overtones as well. an interesting movie. and brad pitt smelling like chanel no 5 throughout the thing. take a listen. >> i am going to drop a dime on a couple cops, who are going to take you back to where you are supposed to be. >> oh, yeah? >> no more booze, nothing. get yourself a shower. go to bed. i will get you up and tell you where to be. >> i don't take orders from you! >> 7:30. get some sleep. >> i miss the sopranos. only criticism i heard so far the themes are not handled subtly by the director. beats the point over the head a little bit. but brad pitt getting pretty good reviews for this one. >> i'll be check it it out, you know. >>> well, from contract killers to serial killers, the next flick is called "the collection." it's about a man who escapes from the vicious grips of the serial killer known as the collector. this man is blackmailed to rescue an innocent girl elena from the killer's booby trapped warehouse, kidnapped from a club. take a list
ABC
Nov 28, 2012 4:00pm PST
economy over the fiscal cliff. >> my hope is to get this done before christmas. >> today, the president joined by middle income earners reaching out to the administration about keeping taxes low. >> if congress does nothing, every family in america will see their taxes go up at the beginning of next year. >> the white house is urging americans to use social media to push congress to act. keying in on $2000 tax increase going into affect next year for the average family of four. >> what is that again? my two? k. tweet use, my 2 k or e mail. post it on member of congress's facebook wall. do what it takes to communicate a sense of urgency. >> they may not agree on details but house speaker john boehner and house minority leader agree on one thing. failure is not on the table. >> going over fiscal cliff will hurt our economy. >> boehner said republicans are committed to a compromise. >> rinz are willing to put revenue on the table. >> so hard ball politics were left to house majority leador eric cantor complaining the white house hasn't come to the table with concession autos we have not se
ABC
Nov 29, 2012 4:00pm PST
been part of the local economy for more than a hundred years. >> we are staying on storm watch. live look at 7 hd. rain is falling in ukiah, cloverdale and santa rosa. forecast is just ahead. >> also ahead, a truck driver slams into a used car lot. tell you about bizarre cause of this accident. >> plus, two big winners. record powerball jacked. >> and later, an act of kindness. online sensation it has become today. >> coming up to 4:09 on thursday afternoon. first check on traffic. downtown san francisco, this a live look at the sky way. it's very heavy heading into the east bay. not all that much better heading southbound toward >>> in alameda county the driver of a big truck that smashed into a used car lot is blaming the wreck on a sneezing fit. caltrans cleaned up the oil snail was caused by the accident. the driver of the dump truck lost control while sneegz and crashed into a car lot. the driver was not cited. >>> a bankruptcy judge gave final approval for hostess to sell its assets. the maker of twinkies it's been in talks with 110 potential buyers. there is five national reta
ABC
Dec 7, 2012 5:00am PST
economy did take a hit from hurricane sandy but much less than what many expected. during november there were 146,000 jobs created that was much greater than the 85,000 that economists had expected. meantime, unemployment rate fell to 7.7%. higher close for stocks yesterday on signs of possible progress in the fiscal cliff negotiations. netflix ceo in the hot seat saying the company's online viewing exceeded a billion hours in june for the first time. posting on facebook does not qualify as the fair public disclosure of information publicly traded companies are supposed to give. if you have a student loan it may get easier to pay it back. the program -- allows students who started taking loans after october 1st, 2007 to plead financial hard ship and limit payments and have the loans forgiven after 20 years. do have you old appliances that need replacing? the so-called consumer durable goods owned by americans are the oldest in nearly half a century. research says that could mean a big spending spree is on the way that could stimulate the u.s. economy. at the new york stock exchange
ABC
Dec 3, 2012 5:00am PST
, food safety and research. economists fear if washington can strike a deal the economy will fall back into recession and employment will shoot up. tahman bradley, abc news, washington. >>> sarah palin stepped out on the red carpet -- nancy pelosi stepped out on the red carpet for a night of glamour she strolled before photographers at last night's kennedy center honors she talked about efforts to resolve the impasse. >> this is not a night of politics and policy, but since you asked, yes we think it would be a wonderful christmas gift to the american people for the middle class to have a tax cut come january. >> pelosi says she will try to force a house vote on a senate passed bill to break the deadlock. >> the kennedy center on -- -- they received the nation's highest award. >>> let's look outside good morning. good news, it is dry this morning as we look down on some of the clouds hanging around some of the fog trying to form as we look from mount tamalpais this morning. the key is it is trying to form, right now too many high clouds out there, that's keeping the fog from forming. h
ABC
Dec 5, 2012 4:00pm PST
long term impact tax increases voter as proved in proposition 30 could have on state economy. abc 7 news joins us live now with the story. nannette? >> well, higher taxes are not expected to be a major hit to the economy. if you're looking for a job it's hard to hear about a possible slow down in highering. governor brown got voters last month to approve proposition 30. a temporary income tax increase and a boos0qz the sales tax to save public schools. but a new anderson forecast called it a double edged sword because that will have a slight drag on the committee, slowing california growth. >> republicans have been saying that sometime. it change behaviors. it's dampening economic recovery. >> the forecast estimates payroll growth hovering between 1% and 2% in next two years. it predicts the rate will average 10.5% by the end of the year, then improve to 9.7% next year with the jobless rate around 8.4% in 2014. >> jerry shelton is a school finance consultant and says the report doesn't take into aif the kth what would have happened if voters rejected prop 30. $6 billion in cuts, mos
ABC
Dec 7, 2012 3:40am PST
with the very latest. >>> we get a critical snapshot of the economy this morning. when we'll learn if hurricane sandy also devastated the nation's job market. >>> incredible
ABC
Dec 7, 2012 2:05am PST
driving. 41 highway and 39 over all. that's good fuel economy. but far short of the 47 m p g that ford claims. >> ford contend it heard from some of the drives of fusion that they have gotten more than 47 miles per hour. and ford adds that driving styles another factor can cause mileage to vary. >> back to football now. festive raider fans have made their mark as most outlandish in football. raider nation truly in the league of its own. katie checked in with fans at raiderville before tonight's game. >> raider fans dedicated as they are decorated. most are outgoing. some are shy like she wouldn't tell me her age. >> she's young at heart. >>reporter: she and her son came up from l.a. >> this is our first raider game so this is exciting for u us. >>reporter: excitement and for some acceptance. >> that's right. it's all about having a good time. raiders broncos tonight matter all about having a good time. >>reporter: good time easy to find in raiderville and fans get to meet former players and snag an autograph but super fan james sorenson of hayward has all the ink he needs. >> al davis
ABC
Dec 4, 2012 6:00pm PST
lines is costing the u.s. economy $1 bi=es; a day in lost trade. the union jobs claims jobs being shipped overseas. the port says it's offering clerks lifetime job security. >> let's go to job security. state lawmakers deciding how to dole out money to help schools become more energy efficient. and what's happening now that prop 39 is lone. >> we want to be first in line. >> the principal is pleading his case to give the campus some of the new retro fit money. 7% of the public schools are more than 25 years old and in need of the funding badry. >> if we can look at energy efficiently, you're having savings year over year. and will have more money. >> more than 10,000 public schools together spent $700 million a year on energy. that is how much they spent on supplies. thanks to vote who approved proposition 39 last month, disadvantaged schools will be able to pay for energy retro fits of the proposition 39 closes a loophole that mostly benefited out of state corporations. it's a funding boost for the state. half goes to general fund. other half to energy needs of schools. >> that o
ABC
Nov 29, 2012 5:30pm PST
. jobs are on the line. the american economy is on the line. this is a moment for adult leadership. >> reporter: and taxes aren't the only sticking point. republicans are demanding the president come forward with a plan to limit spending on medicare and social security, something many democrats say is just not acceptable. >> i didn't have my own card with me. jill wouldn't let me have one. >> reporter: vice president biden got into the act today, too, taking a break from christmas shopping and snacking at costco to urge congress to extend middle class tax cuts. >> i think it's important congress acts now. i mean, right now. >> reporter: can mitt romney, with all his business experience, play a role on brokering a deal? well, don't count on it, diane. the president did not ask for his help today and the two simply agreed to keep in touch. and for now, nothing more. >> all right, thank you, jonathan karl. >>> and now, we move onto two towns that had reason to rejoice today. two tickets won that half a billion dollar lottery. one ticket sold in arizona, another in a tiny town in misso
ABC
Nov 28, 2012 6:00pm PST
the country and economy. so want to stress that to them. how important this has been for us and others too. >> he admits the small business benefited from incentive programs. now they have 31 employees. >> new jersey governor says super storm sandy caused $37 billion in damage to his state saying 30,000 homes or businesses were destroyed or sustained damage. he's requesting $37 billion from the federal government. >> and a new un climate change report out says sea level could be prizing -- rising faster than thought. that is especially troubling for those of us living and working near the edge of the bay. and more on the flooding dangers that could be around the corner. >> at high tide this submerged staircase is an erie reminder of the inches separating dry land from water. in 2008 bay waters flooded streets and sidewalks like they did in twut. the united nationspfip level sea levels are rising faster than predicted. >> today's flood going to be tomorrow's high tides. and so we need to get ready for changes, a deeper bay. a bay with bigger waves and more7?s8$ frequent flooding
ABC
Dec 5, 2012 7:00am PST
of los angeles and long beach, california. the strike was costing the economy an estimated $1 billion per day because it prevented shippers from delivering cargo to stores and other businesses. 40% of all goods shipped into the country come through those ports. union workers there were protesting the outsourcing of jobs. there's no word, yet, on the terms of the deal struck. >>> and speaking of the economy, there's important news for anyone who owns a home or is looking to buy. prices, skyrocketing to levels we have not seen in years. and "weekend gma" anchor bianna golodryga is here with the latest. good morning, bianna. >> reporter: good morning to you, josh. important news and good news. everyone's been waiting for the housing market to take off since the collapse in 2008. now, we're learning that home prices jumped 6.3% in october, compared to the same time last year. that's the biggest year-to-year gain since 2006. now, prices rose in 45 states, led by a 21% jump in arizona and a 13% rise in hawaii. and according to the national association of realtors, they say the numbe
ABC
Dec 5, 2012 5:00am PST
struggling housing market. a report on california's economy shows a recovery that continues to plod along. katie marzullo is live in the newsroom with analysis. >> reporter: for the last several years when home prices have have been in the news it has been bad, but not this morning. home prices are up, surged more than 6% in one year the biggest jump in six years. median price up $18,000 to $178,000, and california is one of the top 10 states where prices are rising the fastest. new this morning, anderson economic forecast from ucla is out, says housing improvements will help the state and california will continue to grow, but not as much as it used to. the forecast says the new tax revenues ungovernor brown's prop 30, will slow -- under governor brown's prop 30 will slow economic growth but not derail recovery. the jobless rate in california should average 10.5% by the end of the year. it should improve to 9.7% in 2013 and fall further to 8.4 in 2014. one other note of good news, u.s. banks seeing best profits in six years and are therefore leaning more freely. katie marzullo, -- lending
ABC
Dec 6, 2012 5:00am PST
u.s. economy goes over the fiscal cliff. survey says 1 1/2 million americans could lose jobs if lawmakers fail to come to agreement automatic spending cuts and tax increases are triggered inside. nationwide insurance warning computer network hacked names, birth dates, social security and driver licenses numbers likely stolen nationwide is apologizing and offering identity theft profession for years. hostess may have a buyer for its wonder bread bran. even with the sale, it could take -- take months before the bread brand wraps up again. >>> estimated 300 million dollar magic kingdom make overincludes pagers so and serving beer and wine themó?5to past five years. >>> abc7 is owned by disney. >>> big change that could be coming to storm warnings because of superstorm san >> dispute forcing bay area -- >>> welcome back. check out last three hours on live doppler, quiet radar returns over the ocean is the beam shooting into the clouds nothing is talling but moist with mist hanging in the -- nothing is falling but moist with the mist hanging in the air clouds 900 feet you may be dr
ABC
Dec 7, 2012 6:00am PST
better than expected. the economy added 146,000 jobs. the unemployment rate fell to 7.7%. the jobs report comes on the heels of the ongoing fiscal cliff debate. economists estimate 200,000 fewer jobs have been created this year due to uncertainty over the fiscal cliff. aides to president obama and speaker boehner met yesterday afternoon, but that meeting ended with no signs of progress. stay with abc7 morning news, 6:30 the opening bell live from the new york stock exchange. 6:45 live to jane king for an update. >>> in a few hours pearl harbor survivors as well as military and coast guard veterans will place a wreath in alameda to mark the 71st anniversary of the japanese attack on the pearl harbor base in hawaii. it will be followed by a 20 within gun salute. more than 2400 americans died when the japanese bombed pearl harbor in a surprise attack december 7th, 1941. the attack helped usher the u.s. into world war ii. 3:45 in afternoon sons and daughters of survivors will attend the 48th annual beacon lighting in honor of pearl harbor day. >>> the iphone is likely coming to t-mobil
ABC
Dec 4, 2012 4:00pm PST
optimistic. there is movement being made on both sides. >> that strike is costing u.s. economy estimated $1pgañ billion per day in lost trades. truckers honoring ticket lines. clerical union says the únf$wguz is jobs being shipped overseas. the port says it's offering 600 clerksz lifetime job security. >> former command yefr a task force is pleading guilty. the attorney tells axe bc 7 news the client will admit to five counts tomorrow in oakland, welsh is accused of stealing drugs from evidence lockers trying to sell drugs on the streets. he was caught in a sting operation in february, last year with guilty plea, he faces a minimum of 10 years in prison. >> santa clara county board president wril have to immediately pay back nearly $13,000 after using his taxpayer funded credit cards for personal expenses. our media partner has obtained a scathing internal audit revealing supervisor wrapped up $36,000 in questionable charges in taking office in 2009. they include car rentals, and stays at casino hotel autos still ahead on abc 7 news at 4:00 net flix signs a deal with disney. >> arnold
ABC
Nov 29, 2012 6:00am PST
confident about the economy. also cautions some chose to start their own businesses because they couldn't find other jobs. economists have said the economy won't fully recover until small businesses pick up the pace of hiring. >>> this morning the fda may be ready to turn to outside experts for advice on energy drinks. in the last month monster and five hour energy have come under scrutiny. now "the new york times" reports the fda may turn to experts from the institute of medicine and other agencies to determine whether those drinks pose a safety risk to consumers. this is a sign the fda does not plan to take immediate action on energy drinks. >>> average american household spends more than $1500 every year on cell phone service. there are ways to save. michael finney and consumer reports look at prepaid options. >> reporter: good morning. if you're looking to save on your cell phone bill, consumer reports says a prepaid plan maybe your best option. it seems like everyone is on a smartphone these days. and we are paying big bucks for all that connectivity. >> average american household mo
ABC
Dec 3, 2012 4:00am PST
economy will fall back into recession and the unemployment rate will shoot up, rob and paula. >> tahman, the clock is ticking in all of this. where do the talks go from here this week? >> well, the white house said president obama presented his plan last week and the gop leaders shot it down. now, the ball is in the hands of the republicans. right now, it's all about the math. republicans may have to cave on taxes but president obama may have to accept deeper spending cuts. only 18 days left. >> the messy art of compromise. tahman bradley live in washington. >>> and rivers are rising across northern california this morning after three powerful storms blow through in less than a week. the latest round of flooding rain drenched the area yesterday, knocking down giant trees and leaving nearly 100,000 people without power. high winds overturned tractor trailers. abc's cecilia vega shows us what it looked like in california wine country. >> reporter: this is a storm that slammed the west coast from washington all the way down to the san francisco bay area. and this, take a look at
ABC
Dec 7, 2012 12:00am PST
. that's good fuel economy. but far short of the 47 m p g that ford claims. >> ford contend it heard from some of the drives of fusion that they have gotten more than 47 miles per hour. and ford adds that driving styles another factor can cause mileage to vary. >> back to football now. festive raider fans have made their mark as most outlandish in football. raider nation truly in the league of its own. katie checked in with fans at raiderville before tonight's game. >> raider fans dedicated as they are decorated. most are outgoing. some are shy like she wouldn't tell me her age. >> she's young at heart. >>reporter: she and her son came up from l.a. >> this is our first raider game so this is exciting for u us. >>reporter: excitement and for some acceptance. >> that's right. it's all about having a good time. raiders broncos tonight matter all about having a good time. >>reporter: good time easy to find in raiderville and fans get to meet former players and snag an autograph but super fan james sorenson of hayward has all the ink he needs. >> al davis first trophy and i got the old school
ABC
Dec 4, 2012 11:00am PST
else. >> when the economy is tough and times are a little tough this is news that cheers everyone up. >> british love her, it makes everybody a little happier. >> reporter: since the day they got engaged they've been talking about the importance of family. >> be able to have a happy family ourselves. >> reporter: the when was off the table when prince william sat down with katie couric in may. >> is there anything you would like to tell me? >> tight lips. >> reporter: kate toasting with water in september. last week prince william happy accepting a onesie. the clues were there, if you knew where to look. >> one of the many ways william and kate aren't that different from your average couple is the fact they got a puppy. when you -- >> reporter: kate is not one to back down from a challenge days before being admitted to the hospital she was playing field hockey in high heels. great role model for a daughter who would need to be strong. under new rules the first born will be next in line for the throne even if it is a girl, even if a boy comes later. potential queen elizabeth iii. >> a
ABC
Dec 6, 2012 4:00am PST
says we need a balanced plan. that's what's best for the economy. that's what the american people voted for. that's how we're going to get it done. >> mr. obama's treasury secretary, tim geithner, went a step further, saying that the president would allow the nation to go over the fiscal cliff at the end of the year, if republicans don't agree to raise taxes on the wealthy. >>> and maybe abraham lincoln can help the fiscal cliff negotiations. harry reid believes so. the senate will get inspiration when reid hosts a clescreening the spielberg movie. >> whatever helps to get things moving, right? >>> hundreds of same-sex couples in washington state lined up overnight to get a marriage license now that they can legally wed. the county clerk's office in seattle opened at midnight to accommodate couples eager to make history. there's another historic first in washington overnight. it is now legal to buy and possess pot. the law, though, bans public use of marijuana, like drinking in public. and it's against the wall to sell pot. the state is trying to work out a system to license growers. >>
ABC
Dec 6, 2012 4:30am PST
weakened u.s. economy and aging population in mexico. 80% of all illegal immigration comes from mexico and latin america. >>> mike has the forecast, especially -- [ inaudible ] >>> it is raiders day! how is the weather going to be? >> great for football upper 50s falling into the lower 50s partly cloudy. if you are heading out this morning to tailgate you are going to run into mist and fog by noon that will start to lift and we'll see sunshine this afternoon, mainly low to mid 60s. around the state doppler radar dry across the entire state. a lot of 50s mid to upper 50s eureka, chico, sacramento. 49 in tahoe. >>> if you are headed to that raider game, expect a lot of traffic on 80 by the coliseum later today, give yourself plenty of time. san jose clear conditions on 87 northbound light traffic a little haze you may need your wipers for drizzle, eastbound 580 north flynn roadwork until 11, three lanes blocked off, westbound good leaving tracy up towards the altamont pass. roadwork eastbound dumbarton until 6:00. >>> 4:56. dispute over the price of crab is keeping fishermen on dry groun
ABC
Dec 5, 2012 1:40am PST
bounce in home prices could mean good news for the entire economy. >> some of the hardest-hit states as well. arizona, california, florida. we're seeing a big turnaround. that's news everyone can celebrate. prices are up. >>> later this half hour, going to extremes. there is suddenly a backlash from the couponers. >> couponers. >> couponers. >> it's not coupon. it's coupon. >> i hear people say it both ways. is there a right or wrong way? >> it is coupon. i have done 7,000 stories for "gma" for couponing. >> couponing? not cue -- >> not like you are cute, it's a coup. >> oh, thank you. >> we will have a story on coupons about something. >> save money. >> whatever. >>> call it extreme sailing. meet the new speed racers of the high seas. this is not a sport for the faint of heart or for those that can't swim. >> excellent point. >>> first, though, a break in a case right here in new york. a subway death that was captured in an extremely chilling photograph. and it is now continuing to make national headlines. >> police have a man in custody, in monday's incident where a rider was shoved o
ABC
Dec 1, 2012 12:00am PST
tires ride. he could have been driving the world's largest economy, instead, he's driving a bumper car. oh, well what are you going to do? [ laughter ] competitive shoppers know that black friday is only hours away. they call it black friday because that is the color of your soul after you trample an old lady for a waffle maker. some people have been camped out outside stores for days now to get a good spot in line for what they call doorbuster sales. this is the kind of thing that makes lining up to see "twilight" seem reasonable. when the doors open, the mayhem starts. there's trampling, punching, kicking. this is the wonderful time of the year when walmart becomes the thunderdome. right now, members of the geek squad are huddled in the corner, frightened for their lives. keep in mind, people are doing this to celebrate the birth of jesus. look at this. this is -- this is a good one. that is -- oh, look at that. wigs are half off. [ applause ] there's a -- good reason not to go shopping on black friday if you're looking for one. i decide whether or not i will do something based on ho
ABC
Dec 2, 2012 5:00am PST
on the economy as the high stakes political poker game plays out on capitol hill. it's all coming up on abc this week with george stephanopoulos right here on abc7. >>> a san francisco man and his lost service dog are back together this morning. it's a story you will see only on abc7 news. >> good girl! oh, my sweetness! >> we first brought you the story nearly two weeks ago after someone stole his best friend and constant companion from outside the davis medical center. he took lola, a four-year-old yorkshire terrier everywhere, including to his dialysis appointments. his neighbor tracy took up the cause to find lola and got an e-mail yesterday. >> a woman said i found a dog running around lake merit in oakland and i could tell it was probably lost. i brought it home and i think it's your dog. >> thank you everybody so much! >> and it was, indeed, lola. the woman who found the dog called us first, and we gave her the neighbor tracy's e-mail. so quite the reunion there. we are so happy for him. lisa argen, our meteorologist, is here. this is a morning to really concentrate on the wea
ABC
Dec 6, 2012 1:40am PST
their money to the federal government, without raising tax rates, which we believe will harm our economy. >> treasury secretary tim geithner also weighed in yesterday saying the president is willing to allow the nation to go over the cliff if republicans don't agree to raise taxes on the wealthy. >>> we are learning new details about colorado's shooting suspect james holmes now that thousands of e-mails in the case have been released. messages indicate holmes may have had a brief romantic relationship in the days before the tragedy. we have learned that in early june, holmes began specifically talking and fantasizing about killing a lot of people. his psychiatrist was so worried that she broke confidentiality and then contacted campus police. >>> here in new york, a suspect has been charged with murder for shoving a man to his death on the subway tracks. police say, 30-year-old, naeem davis admitted to pushing the victim after the two argued on the platform. now late wednesday, a judge denied davis bail. he admitted to police he stayed on the platform watching the man get struck by the s
ABC
Nov 29, 2012 7:00am PST
hike on the wealthy will hurt the economy. >>> today, president obama is hosting mitt romney at the white house for a private lunch. after the election, the president promised to reach out to romney for his ideas. >>> and overseas, the u.s. could be getting more involved in the civil war in syria. "the new york times" is reporting the obama administration is considering options, including arming the rebel fighters there who have made progress in recent days in battling bashar al assad's forces. >>> and more trouble for president obama's expected nominee for secretary of state. susan collins says she will not back rice for the job, until more questions on the attack on the u.s. consulate in libya are answered. collins said if president obama nominates senator john kerry instead, he would have no trouble winning confirmation. >>> and breaking news out of new york. lindsay lohan has been arrested again, after a fight at a nightclub here in the city early this morning. she is facing assault charges for allegedly punching a woman in the face. police are not saying how long they intend to
ABC
Dec 7, 2012 7:00am PST
news on the economy this morning. 146,000 jobs were added while the unemployment rate fell to 7.7%. superstorm sandy was a small factor. >>> also weighing on job creation, the looming fiscal cliff at year's end. aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center in guatemala city, after complaining of chest pains. he's now back in his cell and could be send back to belize, where police want to question him about the murder of his neighbor. >>> now, here's diane sawyer with a preview of tonight's "world news." diane? >> so, josh, it's friday. it's great to talk to you. and how about a holiday tradition for years? everybody wondering, what happened to the determined little boy they loved? well, he's all grown up. and he has a perfect g
Search Results 0 to 45 of about 46